The all-stock deal, expected to close mid-2026, will create a Nasdaq-listed defense robotics company trading under the ticker XTND.
Israeli defense technology company XTEND and JFB Construction Holdings (Nasdaq: JFB) announced a $1.5 billion all-stock merger July 27, 2026. The transaction will create XTEND AI Robotics, a publicly traded company. The new entity will focus on AI-powered autonomous systems for defense, security and public safety. The combined company is expected to trade on the Nasdaq under the ticker “XTND.” Completion is expected in mid-2026, pending regulatory approval and customary closing conditions. The deal formalizes a reverse merger structure XTEND and JFB first announced in February 2026. The February announcement was paired with a strategic investment round that included Eric Trump.
Terms of the merger
XTEND shareholders will own about 70% of the combined company on a fully diluted basis. JFB shareholders will own the remaining 30%, excluding certain future equity incentive plans. The transaction is an all-stock deal, with no cash consideration disclosed in the announcement. Both companies said the merger will accelerate U.S. deployment of XTEND’s autonomous systems. The deal will also expand U.S.-based manufacturing capacity. The combined company aims to serve U.S., NATO and allied procurement.
XTEND AI Robotics platform and mission set
XTEND co-founder and chief executive Aviv Shapira will lead XTEND AI Robotics. The company’s core software product is the XTEND Operating System, or XOS. XOS lets a single operator manage multiple air, ground and maritime robotic systems from one interface. The platform combines human decision-making with edge AI to support missions in GPS-denied and contested environments. XTEND’s hardware line already includes the Scorpio 1000 multi-domain platform, the Wolverine, Griffon and XTENDER small unmanned aircraft. U.S. and Israeli forces already field XTEND systems in operational use. Additional allied units in Europe, Singapore and the United Kingdom also operate the technology.
Path to public markets
XTEND opened its U.S. headquarters and manufacturing facility in Tampa, Florida, in July 2025. Company leaders said the merger will scale operations through expanded manufacturing. The deal also provides U.S. operating infrastructure and direct access to public capital markets. The public listing will support sales to the United States, NATO allies and other partner nations. The companies plan to detail post-merger governance and additional leadership closer to closing.
More information is available at XTEND.
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